University of Reading

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real estate and university of reading - All News and Analysis

• Direct Investment In Commercial Real Estate

  BNET - 2007-03-06

  This paper formed the basis of the keynote address to the Pacific Rim Real Estate Society conference in Melbourne. In the asset allocation process, direct real estate investment suffers from some perceived disadvantages and this paper summarises research, funded by practice, into three of these perceived disadvantages; depreciation in value,...

  Tags: Commercial Real Estate, University Of Reading, Real Estate, Asset Management, Investment, Business Operations, Operational Planning, Finance

• Hedging Private International Real Estate

  BNET - 2005-01-01

  In this paper, the researchers have expanded the realistic nature of the simulation model, particularly as it pertains to the terminal exit value at the end of the holding period. The empirical approach in this paper is to estimate models of housing tenure choice on a sample of recent movers....

  Tags: University Of Reading, Household, Real Estate, Business Operations

• Real Estate in the Mixed-Asset Portfolio: The Question of Consistency

  BNET - 2004-06-22

  Real estate is increasingly been seen as an attractive addition to the mixed-asset portfolio. However, determining whether the good return enjoyed by real estate is a temporary or long-term phenomenon is a question that remains largely unanswered. Consistency in this context refers to the ability of an asset to maintain...

  Tags: Portfolio, University Of Reading, Real Estate, Business Operations

• Expert Judgment in the Processes of Commercial Property Market Forecasting

  BNET - 2004-06-01

  This paper examines the ways in which human subjective judgment impacts on the process of real estate market forecast production and the consequent effects on outcomes. In so doing, the research draws upon concepts both from cognitive psychology and from principal-agent theory that emphasize the potential of biases and incentives...

  Tags: Commercial Property, University Of Reading, Forecasting, Sales Force Management, Real Estate, Financial Services, Sales, Business Operations

• When Does Direct Real Estate Improve Portfolio Performance?

  BNET - 2003-10-20

  For over twenty years, researchers have been recommending that investors diversify their portfolios by adding direct real estate. Based on the tenets of modern portfolio theory MPT investors are told that the primary reason they should include direct real estate is that they will enjoy decreased volatility risk through increased...

  Tags: Performance, University Of Reading, Real Estate, Business Operations

• Monetary Integration and Real Estate Markets: An Investigation of the Impact of the Introduction of a Single Currency on Real Estate Performance

  BNET - 2003-07-29

  This paper assesses the impact of the monetary integration on different types of stock returns in Europe. This paper assesses the impact of the monetary integration on different types of stock returns in Europe. In order to isolate European factors, the impact of global equity integration and small cap factors...

  Tags: Stock, Equity, Real Estate, University Of Reading, Integration, Investment, Financial Services, Finance

• The Return Due to Diversification of Real Estate to the US Mixed-Asset Portfolio

  BNET - 2003-06-01

  Booth and Fama (1992) observe that the compound return and so the terminal wealth of a portfolio is greater than the weighted average of the compound returns of the individual investments, a difference referred to as the return due to diversification RDD. Thus, assets that offer high RDD should be...

  Tags: Return, University Of Reading, Real Estate, Asset Management, Business Operations, Operational Planning

• The Impact of Real Estate on the Mixed-Asset Portfolio in Periods of Financial Stress

  BNET - 2003-05-16

  The case for holding real estate in the mixed-asset portfolio is typically made on its stabilizing effect as a result of its diversification benefits. However, portfolio diversification often fails when it is most needed, i.e. during periods of financial stress. In these periods, the variability of returns for most asset...

  Tags: Financial, Portfolio, University Of Reading, Real Estate, Financial Accounting, Business Operations, Finance

• The Persistence of Real Estate Fund Performance

  BNET - 2003-04-01

  This paper examines the short and long-term persistence of tax-exempt real estate funds through the use of winner-loser contingency table methodology. The persistence tests are applied to a database of varying numbers of funds from a low of 16 to a high of 27 using quarterly returns over the 12...

  Tags: Performance, University Of Reading, Persistence Test, Real Estate, Business Operations

• A Meta Analysis of Real Estate Fund Performance

  BNET - 2002-05-13

  This paper provides evidence regarding the risk-adjusted performance of 19 UK real estate funds in the UK, over the period 1991-2001. Using Jensen's alpha the results are generally favorable towards the hypothesis that real estate fund managers showed superior risk-adjusted performance over this period. However, the paper then utilizes the...

  Tags: Performance, Analysis, University Of Reading, Real Estate, Performance Management, Business Operations, Human Resources, Workforce Management